CHICAGO—Martin Capital Group recently sold the 58,800-square-foot 1900 W. Walnut St. in Chicago's Fulton Market District to Mark IV Realty for $11.25 million, a sign that values are escalating significantly even in neighborhoods about one mile east of where Google will soon relocate.
“It's definitely a record for this neighborhood,” Michael L. Senner, executive vice presidents with Colliers International's Chicago-based industrial advisory group, tells GlobeSt.com. Senner and Vern F. Schultz of Colliers represented Martin Capital Group.
“It's a big number,” Senner adds, even though Google's 1K Fulton to the east at 1000 W. Fulton St. “is really the big driver. Everything is extraordinarily active and prices there are off the charts.”
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
